Midnight Thoughts
From the 4-hour K-line trend, the Bitcoin bulls showed a strong offensive stance in the early morning, consecutively closing 6 bullish candles and successfully breaking through the key 100,000 mark. After the breakthrough, market trading enthusiasm surged, with trading volume significantly increasing, further confirming the strong upward trend.
In terms of technical indicators, the MACD dual lines are diverging above the zero line, steadily rising at a 45-degree angle, releasing positive bullish signals; the Relative Strength Index (RSI) has remained in the overbought range (value above 70), but there are no obvious signs of a reversal yet, indicating that the market's bullish forces dominate. It is expected that Bitcoin will continue its current upward trend in the early morning, and it is recommended to seize buying opportunities on dips, with expectations of breaking through 103,000-105,000 after stabilizing at the 100,000 mark.
Bitcoin 100,000-100,500 long, targeting around 101,500-103,000
The second Bitcoin moves in sync with the first! Remember to have a defense!
From the 4-hour K-line trend, the Bitcoin bulls showed a strong offensive stance in the early morning, consecutively closing 6 bullish candles and successfully breaking through the key 100,000 mark. After the breakthrough, market trading enthusiasm surged, with trading volume significantly increasing, further confirming the strong upward trend.
In terms of technical indicators, the MACD dual lines are diverging above the zero line, steadily rising at a 45-degree angle, releasing positive bullish signals; the Relative Strength Index (RSI) has remained in the overbought range (value above 70), but there are no obvious signs of a reversal yet, indicating that the market's bullish forces dominate. It is expected that Bitcoin will continue its current upward trend in the early morning, and it is recommended to seize buying opportunities on dips, with expectations of breaking through 103,000-105,000 after stabilizing at the 100,000 mark.
Bitcoin 100,000-100,500 long, targeting around 101,500-103,000
The second Bitcoin moves in sync with the first! Remember to have a defense!
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BTC
103,452.62
+0.55%
ETH
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+6.23%